Twilio’s $1 Billion Senior Notes Offering

Cooley LLP advised Twilio, while Latham & Watkins LLP advised the underwriters in the offering.

Twilio Inc. (Twilio) (NYSE: TWLO) priced its offering of US$1 billion of unsecured senior notes. The notes consist of US$500 million aggregate principal amount of 3.625% senior notes due 2029 and US$500 million aggregate principal amount of 3.875% senior notes due 2031. The company anticipates that the offering will close on or around March 9, 2021, subject to customary closing conditions. 

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Academy Securities Inc., Cabrera Capital Markets LLC, and Siebert Williams Shank & Co., LLC acted as inderwriters for the offering.

Twilio is an American cloud communications platform as a service (CPaaS) company based in San Francisco, California. Twilio allows software developers to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service APIs.

Cooley LLP advised Twilio with a team led by David G. Peinsipp (Picture).

Latham & Watkins LLP advised the underwriters in the offering with a capital markets team led by Bay Area partner Tad Freese and New York partner Erika Weinberg, with New York associates Taylor Stevens and Regan Devers.

Involved fees earner: David Peinsipp – Cooley LLP; Regan Devers – Latham & Watkins; Tad Freese – Latham & Watkins; Taylor Stevens – Latham & Watkins; Erika Weinberg – Latham & Watkins;

Law Firms: Cooley LLP; Latham & Watkins;

Clients: Academy Securities; Bank of America Securities; Cabrera Capital Markets; J.P. Morgan Securities LLC; Morgan Stanley; Siebert Williams Shank & Co. LLC; Twilio, Inc.;

Author: Martina Bellini